Goa Shipyard Limited (GSL) has received the sanction to build five offshore patrol vessels for the Indian Coast Guard at a cost of over a whopping 2000 crores. Signing of the contract is expected to be completed within the next 10 days.
The construction of the ships will start immediately and the ships will take around 3 years to build. Along with this order Goa Shipyard Limited is expected to sign some other orders amounting to Rs. 4500 crore. Business seems to be booming with GSL as they have also been picked to manufacture mine countermeasure vessels for a cost of Rs. 32,000 crores.
The shipyard has also decided to manufacture hovercrafts locally and expand its range of simulators. Most of the marine patrol vehicles that cruise our coastline are churned out from Goa Shipyard Limited. Hats-off to you GSL!